The Mortgage Bureau
The Mortgage Bureau
May 4, 2020
There have been some encouraging articles during the last week about the state of the market for house prices and mortgages. Whilst the situation remains serious, there are signs of light at the end of the tunnel. Quoting from an article in The Financial Reporter "Twenty7Tec's latest figures show that residential purchase searches continue to rise from recent lows during the Covid-19 pandemic. Its figures for the week ending 25 April show that searches for purchases were up 26% compared to the previous week and up 35% on two weeks ago. Twenty7Tec says purchase mortgages normally represent around 60% of the market and made up 32% of searches last week, up from recent lows of 24.5%. Despite this, searches for purchase mortgages are still down by around half of the pre-Covid-19 levels. Buy-to-let has a long-term average of around 20% of searches, but has recently increased its share to 24.5%." The Mortgage Bureau office remains closed but both the telephones and email are monitored. Online meetings via Skype or Loom can be arranged in order to progress mortgage applications. Just call 01223 656412 or email office@themortgagebureau.co.uk to get in touch. https://local.google.com/place?id=15022266394329617825&use=posts&lpsid=4981783219004674576
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